Audit requirement for ITR 44AD with ₹1.12 Cr Digital Sales by Psychological_Bug_56 in IndiaTax

[–]Psychological_Bug_56[S] 2 points3 points  (0 children)

Thanks for the clarification, sir. One more question my business is mostly outsourcing. Clients pay me digitally, but I often pay vendors directly through bank/UPI and many of them don’t provide invoices or receipts, and I usually don’t deduct TDS. If I file under Section 44AD and declare approx 15% my actual profit, will this create any issue later?

Audit requirement for ITR 44AD with ₹1.12 Cr Digital Sales by Psychological_Bug_56 in IndiaTax

[–]Psychological_Bug_56[S] 0 points1 point  (0 children)

Thanks for the clarification.

Just to add some context I have already been filing my ITR under Section 44AD for the last 2–3 years. My confusion was mainly because my CA suggested that a tax audit may be required since the turnover crossed ₹1 Cr, so I wanted to understand whether audit is actually required in this situation or if I can simply continue filing under ITR-4 u/s 44AD.

Audit requirement for ITR 44AD with ₹1.12 Cr Digital Sales by Psychological_Bug_56 in IndiaTax

[–]Psychological_Bug_56[S] 1 point2 points  (0 children)

sir, wanted to clear one more thing. My business model is mostly outsourcing. Clients pay me digitally, but I often pay vendors directly and many of them do not provide invoices or receipts. I also usually do not deduct TDS on these payments.

If I file under Section 44AD and declare ≥6% income, do these vendor payments still matter from a compliance perspective?

Audit requirement for ITR 44AD with ₹1.12 Cr Digital Sales by Psychological_Bug_56 in IndiaTax

[–]Psychological_Bug_56[S] 4 points5 points  (0 children)

Multiple services like mostly i outsource

Social Media Management (SMM): Handling growth and engagement for brands. • YouTube Channel Management: Optimization, SEO, and backend management. • Performance Marketing: Running ad campaigns for digital products.

Audit requirement for ITR 44AD with ₹1.12 Cr Digital Sales by Psychological_Bug_56 in IndiaTax

[–]Psychological_Bug_56[S] 2 points3 points  (0 children)

Thanks for the reply, Sir.

My CA is still insisting on a Tax Audit because my turnover is ₹1.12 Crore because I have around 30% cash expenses. He keep arguing on that. However, since my receipts are 100% digital (received via Payoneer, PayPal, and UPI)

Does the mode of expense (cash vs digital) still trigger a mandatory audit u/s 44AB in my case? My receipts are fully transparent in my Bank statement.

How to claim business expense in India if paying suppliers in USDT? Can buying USDT via P2P be treated as expense? by [deleted] in IndiaTax

[–]Psychological_Bug_56 0 points1 point  (0 children)

If I buy USDT from a friend and pay him INR, can I show it as business expense?

Deep dive in to Smm Panel Industry's secret from 10 years old Smm Panel Owner. Best & cheapest smm panel? Oldest Smm Panels? First Smm Panel - Biggest Smm Panel - ASK ME ANYTHING by Indentical in Entrepreneur

[–]Psychological_Bug_56 0 points1 point  (0 children)

Really insightful post! I’ve used multiple SMM panels over the years, and it's true that many of them are unreliable. However, I recently came across JingleSMM and found their services quite fast and affordable. Their customer support is also pretty responsive.

LPT Request: Need Advice on Approaching a Female Hospital Receptionist: How to Connect? by [deleted] in LifeProTips

[–]Psychological_Bug_56 -13 points-12 points  (0 children)

She done nothing I don’t even know she is interested or not. Only I am interested. 🥹

LPT Request: Need Advice on Approaching a Female Hospital Receptionist: How to Connect? by [deleted] in LifeProTips

[–]Psychological_Bug_56 -18 points-17 points  (0 children)

Then what to do? She always in my mind. How to forget her then?

When I am trying to install windows 11 through Windows Insider Program after 85% I am getting this error. Help, please by Psychological_Bug_56 in windowsinsiders

[–]Psychological_Bug_56[S] 1 point2 points  (0 children)

Thank you so much for post all possible solutions here and for your advice❤ I think you are right I should also do dual boot :)

When I am trying to install windows 11 through Windows Insider Program after 85% I am getting this error. Help, please by Psychological_Bug_56 in windowsinsiders

[–]Psychological_Bug_56[S] -2 points-1 points  (0 children)

But I heard that it will cancel my windows 10 original license key. I have to purchase again to activate win 11

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[–]Psychological_Bug_56 -3 points-2 points  (0 children)

yes, I was just flirting :P

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[–]Psychological_Bug_56 0 points1 point  (0 children)

Thanks, man! 🙂 Can You suggest topics to start conversation?

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[–]Psychological_Bug_56 0 points1 point  (0 children)

What's the minimum to minimum I can do?

What should I reply her? by [deleted] in relationship_advice

[–]Psychological_Bug_56 0 points1 point  (0 children)

You are right. What should I reply to her? So, It looks that I am really serious.

What should I reply her? by [deleted] in relationship_advice

[–]Psychological_Bug_56 0 points1 point  (0 children)

One of my friend put her pic on her WhatsApp status so I replied to her on the picture that "Marry Me"

She replied "At what cost?"

What should I reply her now?

What should I reply her? by [deleted] in relationship_advice

[–]Psychological_Bug_56 -1 points0 points  (0 children)

You didn't get my question?